EN 
PT_BR 
SAO PAULO (Reuters) - Brazilian mills' price fixes for sugar to be exported in the next 2025/26 season, starting in April in the center-south, reached 83% of the export forecast for the period, Archer Consulting said on Friday.
As of February 28, mills had fixed, based on the New York futures exchange, 25 million tons of sugar for the 2025/26 harvest, at an average price of R$2,488.73 per ton, including the polarization premium.
“Compared to previous harvests, we can say that the volume fixed until February for the 2025/26 harvest is well above that recorded in the same period last year, but it still does not reach a historical record”, said the director of Archer Consulting, Arnaldo Luiz Corrêa.
For comparison purposes, in the 2021/22 harvest, the mills had already set 85.8% of the expected exports until the end of February.
The model used by Archer considers the total volume fixed, without differentiating between fixations destined for the domestic market and white sugar. If the export estimate is adjusted upwards or downwards, the fixation percentage will be impacted proportionally.
Archer is currently considering a total export of 30 million tonnes.
In February, mills priced 3.25 million tonnes of sugar at R$2,485.10 per tonne (FOB equivalent), or 18.19 cents per pound, on average.
In the accumulated harvest, the average price fixed so far is 18.72 cents per pound.
The front-month ICE raw sugar contract closed at 18.86 cents per pound on Wednesday.
(By Roberto Samora)
